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The off-road vehicle braking system market size is estimated to grow/ by USD 89.3 million at a CAGR of 3.27% between 2023 and 2028. Off-road vehicle manufacturing is experiencing a significant surge due to several key trends. The increasing adoption of disc brakes in off-road vehicles enhances safety and performance, making them a preferred choice for adventurous terrains. Furthermore, the growth in viewership for off-road racing events, such as the Baja 1000 and Dakar Rally, underscores the public's fascination with extreme motorsports. Additionally, the rise in recreational and adventure sports activities, including off-roading, has led to a growing demand for robust and versatile off-road vehicles. These factors collectively contribute to the expanding market for off-road vehicles and the innovation driving it.
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The market encompasses the production and supply of braking systems for various off-highway vehicles, including those used in agriculture, construction, mining, forestry, and recreational applications. Two primary types of brake systems dominate the market: Two-Wheel Brake Systems and Four-Wheel Brake Systems. The former is commonly used in off-road motorcycles and smaller vehicles, while the latter is preferred for larger ORVs. Disc brakes and drum brakes are the most common types of braking systems. Hydraulic braking systems are widely used due to their efficiency and ease of use, while pneumatic braking systems are preferred in heavy-duty applications. Regulatory standards play a crucial role in the market, ensuring safety and efficiency. Innovative braking solutions, such as electronic braking systems and lightweight materials, are gaining popularity due to their improved performance and durability. Applications include military applications, off-road sports, and adventure activities. The market is expected to grow due to increasing demand for ORVs and the need for advanced braking systems to ensure safety and control. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing adoption of disc brakes in off-road vehicles is notably driving market growth. Off-road vehicles, designed for off-road sports and adventure activities, require innovative braking solutions to ensure optimal performance on challenging terrains. Disc brakes, with their ability to provide high stopping power, have become the preferred choice for both front and rear wheels in off-road vehicles. The location of disc brakes outside the wheel allows for efficient cooling, while their design prevents damage to the wheels during operation, unlike drum brakes.
Furthermore, in drum brakes, the presence of a spring connected to the brake shoes creates excessive friction with the wheel, leading to wheel damage. Disc brakes offer the added advantage of being more convenient to clean and maintain. Electronic braking systems are also gaining popularity in off-road vehicles, particularly in highway, mountain, and all-terrain off-road vehicles, for their precision and responsiveness. Lightweight and durable materials are increasingly being used in the manufacturing of off-road vehicle braking systems to enhance vehicle performance and reduce weight. Thus, such factors are driving the growth of the market during the forecast period.
Development of ABS-equipped ATVs is the key trend in the market. Off-road vehicles, used for off-road sports and adventure activities, require innovative braking solutions to ensure stopping power on challenging terrains. Traditional braking systems, using durable materials for both front and rear wheels, have been the norm. However, the advent of electronic braking systems is transforming the off-road vehicle braking market.
Furthermore, these systems offer enhanced control and improved stopping power, particularly beneficial for highway, mountain, and all-terrain off-road vehicles. While early adopters were limited to off-road motorcycles, the trend is now extending to all-terrain vehicles (ATVs) in developed regions such as North America and Europe. Manufacturers like BRP have led this shift, introducing ABS in their ATV models, including the Can-Am Outlander and Renegade, in 2017 and 2018, respectively. This trend is expected to continue as safety becomes a priority in the off-road vehicle market. Thus, such trends will shape the growth of the market during the forecast period.
Design complexities associated with sophisticated braking systems is the major challenge that affects the growth of the market. The market faces intricacies in designing and installing advanced braking solutions for off-road sports and adventure activities. Innovative braking systems, such as electronic braking systems, are increasingly being adopted for off-road vehicles to enhance stopping power on challenging terrains. However, the use of these systems introduces complexities, particularly in the design of control units. For instance, the control unit must account for various terrain conditions and installation restrictions, such as limited space and ideal locations.
Furthermore, the ideal location is crucial for the installation of ABS systems due to the potential damage to the computer chip in the control unit from excessive vibrations and noise produced by off-road vehicles. Both front wheels and rear wheels require robust and durable materials to ensure optimal braking performance in off-road applications, whether it's a Highway Off-road Vehicle, Mountain Off-road Vehicle, or All-terrain Off-road Vehicle. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AISIN CORP. - The company offers off-road vehicle braking systems such as electronically controlled brake systems, disc brakes, and active rear steering systems.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The SxS segment will account for a major share of the market's growth during the forecast period. Off-highway vehicles, such as Side-by-Side (SxS) vehicles, require advanced brake systems to ensure safety, efficiency, and control in various applications, including agriculture, construction, mining, forestry, military, and recreational purposes. These vehicles, designed for rough terrains, have unique requirements for braking systems, with disc brakes and drum brakes being commonly used.
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The SxS segment was valued at USD 222.70 million in 2018. SxS vehicles, which seat 2-6 people and have a short travel suspension, high-power motor, and multiple passenger seats, demand robust braking systems to maintain maneuverability and prevent skidding, wheel lock-up, and wheel slip. Safety is paramount in off-road environments, and vehicle safety standards mandate the use of cutting-edge brake systems like anti-lock braking systems (ABS), electronic stability control (ESC), and traction control systems. Rental equipment fleets and military applications prioritize these features for optimal performance and operator safety. Telematics and connectivity solutions enable real-time monitoring and maintenance of these complex electronic systems, enhancing customer satisfaction and improving overall fleet management. Off-road recreational vehicles, including passenger cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Off-Road Motorcycles, and Two-Wheelers, also rely on advanced braking systems for optimal performance and safety. As customer preferences shift towards more efficient, eco-friendly, and technologically advanced vehicles, brake system manufacturers are focusing on developing innovative solutions that cater to these demands while ensuring environmental sustainability.
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North America is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Off-highway vehicles, such as those used in agriculture, construction, mining, forestry, military, and recreational purposes, require robust braking systems to ensure safety, efficiency, and control for operators. Cutting-edge brake systems are essential for these industries to prevent skidding, maneuverability issues, and wheel lock-up or slip. Various types of brakes, including disc brakes and drum brakes, are used in heavy commercial vehicles (HCV), light commercial vehicles (LCV), passenger cars, two-wheelers, and off-road motorcycles. Safety is a top priority in off-road vehicle braking systems, with vehicle safety standards mandating the use of advanced technologies like anti-lock braking systems (ABS), electronic stability control (ESC), and traction control systems. Rental equipment fleets and military applications also prioritize braking systems that offer superior performance and durability. Customer preferences and marketing strategies continue to drive the development of telematics and connectivity solutions for off-road vehicles. These technologies enable real-time monitoring and analysis of vehicle performance, improving customer satisfaction and operational efficiency. Electronic systems are increasingly being integrated into off-road vehicle braking systems to enhance safety and performance.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Automotive Brake-by-wire Systems Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast
Automotive Electronic Brake System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast
Traction Control System Market Analysis APAC, Europe, North America, Middle East and Africa, South America - China, US, Germany, Japan, UK - Size and Forecast
Off-highway vehicles, such as those used in agriculture, construction, mining, forestry, military, and recreational purposes, require robust braking systems to ensure safety, efficiency, and control for operators. The market for off-road vehicle braking systems is witnessing significant growth due to increasing demand for vehicle safety and environmental sustainability. Cutting-edge brake systems are being developed to meet stringent vehicle safety standards. Anti-lock braking systems (ABS), electronic stability control (ESC), and traction control systems are becoming increasingly common in off-road vehicles. These systems help prevent skidding, maneuverability issues, wheel lock-up, and wheel slip. Disc brakes and drum brakes are the two primary types of braking systems used in off-road vehicles. HCV (heavy commercial vehicles),
Furthermore, LCV (light commercial vehicles), passenger cars, two-wheelers, off-road motorcycles, and off-road recreational vehicles all utilize different types of braking systems based on their specific requirements. Telematics and connectivity solutions are also playing a crucial role in the off-road vehicle braking system market. Customer preferences and marketing strategies are driving the demand for advanced electronic systems that provide real-time data and improve customer satisfaction. Environmental sustainability is another key factor influencing the development of off-road vehicle braking systems. Manufacturers are focusing on reducing brake dust and minimizing the environmental impact of their products. Overall, the market is expected to grow significantly in the coming years, driven by the need for safety, efficiency, and environmental sustainability.
Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.27% |
Market growth 2024-2028 |
USD 89.3 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
3.13 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 55% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AISIN CORP., BorgWarner Inc., Brembo Spa, CentroMotion, Continental AG, EBC Brakes, Hitachi Ltd., Industrias Galfer SA, Robert Bosch GmbH, Tenneco Inc., WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP., Wilwood Engineering Inc., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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